USMV Options History — February 2015

In February 2015, USMV traded between $40.63 and $41.81. ATM implied volatility averaged 10.3%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded below realized volatility by 2.3% (HV 20d: 12.7%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 1.11.

Notable Days

  • 2015-02-18: Highest Volume — 240 contracts
  • 2015-02-20: Largest IV drop — 42.0% change
  • 2015-02-11: Highest IV Rank — 8.1%
  • 2015-02-11: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.38$40.63$41.81$40.63$41.75
Max Pain$40.11$40.00$41.00$40.00$40.00
ATM IV10.3%6.4%12.8%10.9%8.0%
Expected Move3.0%1.8%3.7%3.1%2.3%
HV 20d12.7%10.8%13.6%13.6%10.8%
HV 60d11.4%10.7%11.6%10.7%11.5%
IV Rank5.6%1.8%8.1%6.2%3.3%
IV Percentile52.2%7.1%69.8%58.7%28.6%
Term Structure0.2%-2.2%2.8%1.9%-0.9%
VWIV11.2%9.6%13.2%9.6%10.5%
Skew 25d3.8%1.8%5.3%5.3%4.1%
Skew 10d5.6%2.5%10.6%10.6%4.4%
Call IV 25d9.5%7.6%12.4%10.7%8.2%
Put IV 25d13.3%10.7%16.2%16.0%12.4%
Bid-Ask Spread %101.8793.62109.80109.80102.33
Gamma HHI0.260.210.360.310.33
Net GEX-11.3K-30.0K-2.6K-30.0K-13.3K
Net DEX-181.6K-274.8K28.8K28.8K-241.7K
Net VEX-938-1.1K-822-999-934
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.001.411.061.28
Total Volume185.842024013194
Total OI275.737243298250245

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$40.63$40.0010.9%3.1%13.6%6.2%0.0%5.3%1.9%-30.0K28.8K-9990.00109.80N/AN/A01384166
2015-02-03$41.07$40.0011.0%3.2%13.5%6.3%9.6%5.0%0.7%-14.9K-135.1K-9691.06105.55N/AN/A105111108176
2015-02-04$40.93$40.0011.3%3.2%13.5%6.6%10.0%1.8%1.0%-16.4K-114.2K-1.1K1.14105.45N/AN/A108123108176
2015-02-05$41.37$40.0010.0%3.5%13.3%5.3%12.7%5.3%-0.1%-12.6K-162.5K-1.0K1.1496.94N/AN/A108123111179
2015-02-06$40.97$40.0010.5%3.4%12.9%5.8%11.7%2.8%1.4%-14.1K-136.5K-1.0K1.1499.84N/AN/A108123111179
2015-02-09$40.80$40.0011.9%3.6%12.8%7.2%13.2%3.8%-0.7%-17.2K-114.0K-1.0K1.1193.62N/AN/A111123111179
2015-02-10$41.24$40.0011.7%3.5%13.3%6.9%12.8%3.7%0.5%-9.6K-155.6K-9721.1195.67N/AN/A111123115179
2015-02-11$41.22$40.0012.8%3.7%13.2%8.1%12.3%2.9%-0.4%-8.3K-173.7K-9801.1098.02N/AN/A111122115179
2015-02-12$41.44$40.0011.6%3.3%13.3%6.9%11.2%3.7%1.0%-5.0K-207.9K-9051.1098.89N/AN/A111122115179
2015-02-13$41.46$40.0011.2%3.2%13.3%6.5%10.5%2.8%0.5%-7.2K-213.1K-8701.1098.31N/AN/A111122115179
2015-02-17$41.45$40.0011.8%3.4%12.8%7.1%11.5%3.8%0.2%-5.3K-210.1K-8971.28102.25N/AN/A95122115179
2015-02-18$41.61$40.0010.2%2.9%12.8%5.5%11.3%3.3%-0.8%-2.6K-246.3K-8271.03103.46N/AN/A118122119179
2015-02-19$41.46$41.0011.1%3.2%12.9%6.4%0.0%2.8%0.7%-3.0K-141.1K-9210.00108.96N/AN/A00102179
2015-02-20$41.73$41.006.4%1.8%12.2%1.8%0.0%3.9%2.8%-12.7K-170.3K-8220.00108.84N/AN/A40102179
2015-02-23$41.75$40.008.5%2.4%12.1%3.8%10.6%3.9%-0.6%-12.9K-245.6K-9311.41103.24N/AN/A85120116127
2015-02-24$41.79$40.009.3%2.7%12.0%4.6%10.6%4.7%-1.8%-9.5K-274.0K-8531.28100.83N/AN/A85109116127
2015-02-25$41.81$40.009.2%2.6%11.7%4.5%10.5%4.4%-2.2%-9.2K-274.8K-8511.2899.47N/AN/A85109116129
2015-02-26$41.78$40.008.9%2.6%10.9%4.2%10.1%3.6%0.2%-11.2K-263.0K-8871.28104.08N/AN/A85109116129
2015-02-27$41.75$40.008.0%2.3%10.8%3.3%10.5%4.1%-0.9%-13.3K-241.7K-9341.28102.33N/AN/A85109116129